Loan Modification Forum - LoanSafe.org - View Single Post

Erica · 01-23-2009, 11:46 AM

Hmmm...Iv'e been searching online and I nobody seems to have done this either. I pray that it will happen for me. I don't see why the investor wouldn't take the offer. My theory is we've already paid over 30 payments totaling over $100k and our principle has only reduced $2,700.00. Our original finance amount was $432,500.00, they would only be losing approx. 30k! Why wouldn't they go for this? Am I right?

01-23-2009, 11:46 AM	#29 (permalink)
Erica Senior Member Join Date: Aug 2008 Posts: 37 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: EMC Modification Hmmm...Iv'e been searching online and I nobody seems to have done this either. I pray that it will happen for me. I don't see why the investor wouldn't take the offer. My theory is we've already paid over 30 payments totaling over $100k and our principle has only reduced $2,700.00. Our original finance amount was $432,500.00, they would only be losing approx. 30k! Why wouldn't they go for this? Am I right?